Rocketman

Volume, Conviction, Wicks and Divergence

NYSE:PBI   PITNEY BOWES INC
33 1 3

A Wick Study on False Breaks & Continuation Breaks For Divergence Trading by myself, otherwise, known as ScienceEvolution, Genesis or The Pip Barbarian.

ScienceEvolution's Self Observation of Volume Divergence:

One sure way of knowing that price will keep going or go the opposite way is by observing the volume valleys, breakouts and peaks.

Rising volume interest with lower price-wick valley (convicted sellers & volume level are noted); and then, lower volume interest with a 2nd lower price-wick valley (non-convicted sellers) is real divergence better and quicker than any indicator to determine whether a breakout is false or a divergence.

snapshot
Tony1200
a year ago
Very interesting... Can you use this on lower time frames?
Reply
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